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[S964]Stay At Home Mothers
by Stephanie Foster, Ste
But it's not all fun, even when you really enjoy being with your kids all day. And worst of all can be the financial traps that too many stay at home moms fall into.

1. Not saving for retirement.

This is one of the most common failures for stay at home moms, and it can have a tremendous impact on your later years, even if you only stay at home until your kids are all in elementary schools. And it only gets worse if you choose to stay at home the entire time you have kids at home.

There are options for stay at home moms to save for retirement. The first thing to do is to roll over any 401k money into Roth IRAs. This will give you more flexibility with the money. If you can't afford to take a tax hit, take your time with this one.

You can also contribute to a Spousal IRA. These can be either a traditional or Roth IRA, and you need to have one. Try to contribute the maximum each year if your budget can afford it. You will be grateful in your retirement years.

2. Assuming daycare costs are completely gone.

Sure, once you're staying at home you probably don't HAVE to pay for any sort of childcare. But other expenses may take that money right back out of your budget.

How else to pay for swimming lessons, art classes, organized sports and other activities your children may be interested in? It may be difficult to find enough children for your own kids to play with regularly, and these classes can help you to get a bit of a break (even if you're just sitting and watching them), and your kids get social time.

You may also choose to put your 3 or 4 year old child in a preschool program. I did this with my daughter, and while it was expensive it was very much so worth it. Makes kindergarten quite the relief, financially speaking.

3. What if...?

Many single income families aren't ready for the big what-ifs in life. Like what if your husband loses his job? I've just gone through that one personally, and it's a pain, even though I earn an income at home.

Do your best to have savings to cover at least 3-6 months of living expenses. This may not get you through the crisis, but it gives you time to figure out how to handle it.

And don't forget that expenses can increase at such times. When my husband was laid off, rent wasn't the most painful part financially speaking. Adding in the cost of COBRA coverage to keep our health insurance was.

And don't forget that even when things are going well financially the car can break down, or the refrigerator, or the plumbing in your house turns out to be a complete mess. Have some money set aside for such emergencies.

As a work at home mom, you can't afford to be disorganized. But with little ones often in tow, it's also hard to keep a handle on household clutter, especially if you are running a business or telecommuting. There aren't enough hours in the day. But if a toddler happens to get ahold of your desk papers, you'll be swimming in chaos in no time. A clean organized desk and home office can save time, decrease your stress, and even help you make more money if you work from home. So if you're feeling overwhelmed by your messy desk, take a good hard look and see what's overwhelming your order the most. Here's how to keep the clutter down.

Organize your mail. Mail is probably the biggest contributing factor to our messy desktops. Get in the habit of dealing with your mail on a daily basis. Toss what you can, place those things that need to be shredded into a shredder. File the rest of your mail away properly – it's helpful if you have young children to have a wall file that's out of your child's reach. Get in the habit of keeping your invoices in a place where you'll be sure to pay them on time, and file away any vendors you're interested in in a convenient place where you'll be able to access easily.

Computer and DVD Storage. Another huge contributing factor to office clutter is computer storage media. Take the time to ensure each is properly labeled and placed in a protective file or case. While you're at it, your computer files should always be organized and your files should be organized as well. Always have a place for your contracts, work projects, and other vital files. Viruses and other electronic intruders can wreak havoc on a small, home-based business. If you organize your files properly, you can easily back up your most-used, essential documents in case of a computer failure. Again, it's a good idea to have a wall shelf or computer desk that your younger kids can't get to easily.

Make it a priority to keep shared space clean. If you share your office with the hubby and the kids, make sure there are certain rules in place. Forbid eating and drinking while using the computer and make sure everyone has their own storage space for CDs and other gadgets.

Keep your supplies handy, but uncluttered. Office supplies often have a way of creeping into our space until they become a burden. Make sure you have a space away from the desk, and out of reach of little hands, that can be used as storage. A desk drawer that locks is always a blessing when it comes to being a work from home mom. Just make sure you keep the key in a convenient place.

Being a work at home mom can sometimes be stressful, but you'll find a weight is lifted when your home office is clean and organized. You'll be able to get your work done, find papers when you need them, and concentrate on other aspects of housekeeping – such as wiping sticking fingerprints off the mousepad, instead!

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About Author
Both Stephanie Foster & Melissa Brewer are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Stephanie Foster has sinced written about articles on various topics from Credit Cards, Shopping and Pets. Stephanie Foster blogs at about being a stay at home mom. Stephanie Foster's top article generates over 823000 views. to your Favourites.

Melissa Brewer has sinced written about articles on various topics from Advertising Guide, Telemarketing and Work From Home. Melissa Brewer is the author of the Little White Ebook of Homeshoring Jobs, the complete guide to work from home call center employment available at . Melissa Brewer's top article generates over 74000 views. to your Favourites.
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